Creative Financial Designs Inc. ADV Trims Position in The Boeing Company (NYSE:BA)

Creative Financial Designs Inc. ADV decreased its position in shares of The Boeing Company (NYSE:BA) by 11.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 828 shares of the aircraft producer’s stock after selling 112 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Boeing were worth $126,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BA. Lazari Capital Management Inc. lifted its holdings in shares of Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares in the last quarter. Czech National Bank boosted its holdings in shares of Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after purchasing an additional 9,281 shares during the last quarter. BSN CAPITAL PARTNERS Ltd purchased a new position in shares of Boeing during the third quarter valued at about $11,237,000. Sanctuary Advisors LLC bought a new stake in shares of Boeing in the second quarter worth about $21,405,000. Finally, Williams Financial LLC purchased a new stake in shares of Boeing in the second quarter worth about $1,637,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.3 %

NYSE:BA opened at $155.07 on Tuesday. The stock has a fifty day simple moving average of $157.09 and a 200-day simple moving average of $170.90. The company has a market cap of $95.86 billion, a price-to-earnings ratio of -12.02 and a beta of 1.57. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted ($3.26) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -16.15 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.